Payroc merges with Payscape, NXGEN and BluePay Canada

Payroc merges with Payscape, NXGEN and BluePay Canada

Payroc is to merge with Payscape, NXGEN and BluePay Canada with the aim of building a full-service global merchant acquiring and payment business.

Operating in 46 countries, the combined will serve more than 55,000 merchants processing $23 billion in annual bankcard volume.

James Oberman, chief executive officer of Payroc, says: “We are a unique and specialised full-service business, serving both the new world of integrated payments while continuing to support the traditional independent sales organization and agent channels here in North America and globally."

The consolidated company will have more than 1,000 employees and independent payment professionals led by Oberman, who will serve as the chief executive officer. Adam Bloomston, currently chief executive for Payscape and NXGEN, takes the title of president.

The merger was sponsored by private equity firm Parthenon Capital.

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